StorageVault Canada Inc.

May 11, 2009 17:27 ET

StorageVault Announces Stock Option Issuance

REGINA, SASKATCHEWAN--(Marketwire - May 11, 2009) - StorageVault Canada Inc. ("StorageVault") (TSX VENTURE:SVI) announces that, subject to regulatory approval, it has granted a total of 2,200,000 options to purchase common shares of StorageVault to the directors and officers of StorageVault, with an exercise price of $0.23 and an expiry date of May 6, 2014. StorageVault has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of these options (Formal Valuation -Issuer Not Listed on Specified Markets; Minority Approval -Fair Market Value Not More Than $2,500,000).

StorageVault Canada Inc.

StorageVault currently owns and operates Trans Can Mini-Stor in Regina and Kenaston Self Storage in Winnipeg. Both facilities are fixed unit storage facilities operating in conjunction with high margin Canadian PUPS portable storage franchises at each location. The common shares of StorageVault are listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • StorageVault Canada Inc.
    Mr. Alan Simpson
    (306) 536-3771
    StorageVault Canada Inc.
    3603 Selinger Crescent
    Regina, Saskatchewan S4V 2H7